Blog In Feature

India

Priorities For The Future

Overview

Bimal Jalan, former Reserve Bank of India governor and Rajya Sabha MP places India's post-Independence strengths and weakness under a microscope and analyses the last four decades of India's economic journey, which saw the nation's transition from a strictly regulated, slow-growth, state-led enterprise to one of the fastest-growing economies in the world. Dr Jalan has had a ringside view of financial governance during his long and distinguished career. Drawing on this vast experience he compares two distinct periods-1980-2000 and 2000-15-to examine the core changes and their significance, and considers their lessons for the immediate future.

Dr Jalan suggests measures to improve governance which, if implemented, could make India one of the fastest growing emerging global powers and ensure that the benefits of economic growth reach all her people.

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Dr Bimal Jalan is a former governor of the Reserve Bank of India. He has held several positions in the government, including those of finance secretary and chairman of the Economic Advisory Council to the prime minister. He was a nominated member of Rajya Sabha from 2003-09 and was chairman of the Expenditure Management Commission from 2014-16. He has also represented India on the boards of the IMF and the World Bank.

Bimal Jalan has been associated with a number of academic and public institutions, including the Indian Statistical Institute, Kolkata, the Institute of Economic Growth, Delhi, the Centre for Development Studies, Thiruvananthapuram (as chairman), and the National Council of Applied Economics and Research, New Delhi.